Economic Expansion and Proper Redistribution of Wealth - Associated Content from Yahoo!... - 0 views
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Arab Spring and an Economic Platform for Demonstrators - Associated Content from Yahoo!... - 0 views
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- Employers have power to set wages because workers incur substantial personal cost during unemployment.
- Employers exercise that power by paying their employees less than what they would earn in a truly competitive market.
- By paying lower wages, employers may cause higher turnover and incur higher costs to recruit, train, and supervise their workers.
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